AI

Navigating legal documents is often a daunting task, especially for small and medium enterprises (SMEs). Contracts, Terms of Service agreements, and employment paperwork can all feel like they are written in a foreign language, filled with dense jargon and complex clauses that are hard to digest. For many SME owners, understanding these documents is crucial but time-consuming.

In this article, you will find nine ways in which large language models can already assist companies in contract management.

Artificial intelligence (AI) is developing at a tremendous pace and no area of life will remain untouched by it. Almost every other person has already tried chatting with the ChatGPT chatbot. In the last few months, several specialised apps have entered the market that use the same technology as ChatGPT, but focus on specific areas. Most of these apps are in the field of text processing, such as creating marketing texts or optimising and correcting spelling in web texts.